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Stanford Seeks to Sell $1B in Assets

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Stanford University is seeking to sell $1 billion in investment assets, including shares in companies, real estate and timberland, The Wall Street Journal reported. The sales are generally only portions of Stanford's holdings in the investments, and come as the university seeks to recover from substantial endowment losses that have created severe short-term financial difficulties, even though the university has one of the largest endowments in the world.